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Senegal approves payment into African Energy Bank as APPO targets $120bn capital build-out
Senegal will pay its AEB contribution in December, strengthening African Petroleum Producers’ Organization and Afreximbank’s $5bn capitalisation drive for the lender, which targets a $120bn scale-up to finance hydrocarbons & renewable projects
Aramco to launch Jafurah condensate exports in February
Saudi Aramco is set to commercialise the first liquid flows from its strategic Jafurah unconventional gas basin in February
Iran’s PGPIC reports gains from domestic tech drive
Iran’s Persian Gulf Petrochemical Industries Co. (PGPIC), the country’s largest petrochemical holding, recorded a 7% rise in output over the past year driven by investment in research and development, its CEO Mohammad Shariatmadari said.
Morocco accelerates deepwater port expansion with new Mediterranean and Atlantic hubs
Morocco plans to open two new deepwater ports—Nador West Med in 2026 and the $1bn Dakhla hub in 2028—as it expands industrial zones, adds LNG import capacity and prepares for future green hydrogen exports.
Petrol price hike to take effect in Iran over weekend
Petrol prices will be hiked at fuel stations from the early hours of September 13, Iranian government spokeswoman Fatemeh Mohajerani told state television, as the administration seeks to rein in the heavy burden of fuel subsidies on its budget.
China–Africa trade set to exceed $200bn in 2025 as regional bodies deepen trade links amid US tariffs
Chinese exports to Africa are projected to surpass $200bn in 2025, down from last year’s record but still driven by strong demand, shifting global tariff incentives and the expiry of Washington's AGOA preferences.
Standard Chartered and World Bank close $200mn clean cooking bond to 415,000 cookstoves in Ghana
Ethiopia set to review Gas-by-Rail agreement as promoters outline 40-country rail energy corridor
Ethiopia is set to sign a Host Country Collaborative Agreement with Insight Dynamic Resources for the proposed Gas-by-Rail Economic Corridor Initiative, which envisions a 73,500km transcontinental rail system delivering gas across 40 African states.
Nigeria’s NNPCL repays $3bn loan with $1.3bn worth of crude under Project Gazelle
Nigerian National Petroleum Company Limited (NNPCL) repaid part of its $3bn loan from the African Export-Import Bank in 2024 through the delivery of NGN991bn ($1.3bn) worth of crude oil under a forward sale arrangement
Nigeria’s CNG sector attracts $2bn investment, targets $5bn by 2027
Nigeria’s compressed natural gas (CNG) sector has attracted $2bn in private investment within two years, with the government targeting $5bn by 2027 and projecting large-scale job creation across the industry
Iran’s NIPC chief urges push to cut reliance on foreign equipment
Iran’s petchem sector needs to import $2bn worth of foreign equipment each year, a sum that represents a “big and strategic market” for domestic suppliers according to the head of NIPC
Egypt signs agreement with US Honeywell for sustainable aviation fuel (SAF) production
The Egyptian Petrochemical Holding Company (ECHEM), through the Egyptian Sustainable Aviation Fuel Production Company, has signed a licensing agreement with the global US tech group Honeywell to locally produce sustainable aviation fuel (SAF)
TotalEnergies clarifies financing changes for Mozambique LNG project after UK, Dutch agencies withdraw
TotalEnergies has issued a statement with a clarification on the financing of the Mozambique liquefied natural gas (LNG) project.
Turkey tells Russia, Ukraine to keep energy infrastructure out of war
Turkey has told Russia, Ukraine and all relevant parties to ensure energy infrastructure is kept out of the Russo-Ukrainian war, Turkish Energy Minister Alparslan Bayraktar said on December 4.
Iran continues to waste energy at significant cost
Iran is facing dual issues of energy scarcity due to ongoing sanctions and poor energy efficiency – with the latter taking a severe toll on the country’s economy as it wastefully consumes more than it can produce.
Turkish shipowner halts Russia-linked operations after blasts off Senegal
Turkish shipping company Besiktas has suspended all operations connected to Russia after one of its oil tankers was damaged by multiple explosions near Senegal’s coast,
Nigeria should not be importing fuel, says Aliko Dangote
CEO of Dangote Group Aliko Dangote has criticised Nigeria’s continued reliance on imported crude and refined petroleum products, noting that the country has no justification for importing the commodities if current laws were being enforced.
Luberef gains feedstock extensions for facilities at Jeddah, Yanbu.
Saudi Aramco Base Oil Co. (Luberef) has received notice from Saudi Arabia’s Ministry of Energy regarding the extension of feedstock allocation for its facilities.
Oman’s OQGN to acquire Block 61 pipeline
OQGN has executed signed a $100mn asset transfer agreement with the Ministry of Energy and Minerals for a pipeline in Block 61
Turkey in November sharply cut imports of Russia’s flagship Urals crude amid turning of sanctions screw
Nine crew kidnapped from LPG carrier off West Africa, maritime-security firms report
Uganda charts path to Sustainable Aviation Fuel with UCAA-ICAO study
Uganda has taken a step towards producing Sustainable Aviation Fuel (SAF) after a feasibility study highlighted the country’s potential and capacity to produce SAF from waste-based feedstocks
Nigeria’s NNPCL pushes AKK pipeline to 86% completion, targets 2025 finish
The Nigerian National Petroleum Company Limited (NNPC) has accelerated progress on the $2.8bn Ajaokuta-Kaduna-Kano (AKK) gas pipeline, with mechanical completion now targeted for the end of 2025
Saudi Arabia reports progress at Jafurah plant
Saudi Arabia has confirmed the completion and operational start of the first phase of the Jafurah gas plant
Libya and Algeria eye expanding technical energy cooperation in refinery, pipeline and solar projects
Libya’s Ministry of Oil and Gas and Algeria’s Sonatrach are looking to collaborate on refinery-rehabilitation studies, pipeline options, solar-energy projects and laboratory research.

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